Appeal of Harbster
Supreme Court of Pennsylvania
EROM THE DECREE 03? THE ORPHANS’ COURT 03? BERKS COUNTY. No. 114 January Term 1888, Sup. Ct. On May 6, 1886, the first account of Jacob Holl and John G. Mohn, executors of the will of William Harbster, deceased, was filed, showing a balance for distribution of $108,913.05. The only item upon the debit side of the account was charged as of date August 4,1885, “ To amount due estate realized from sale of decedent’s interest in the Reading Hardware Company, which sum is…
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EROM THE DECREE 03? THE ORPHANS’ COURT 03? BERKS COUNTY. No. 114 January Term 1888, Sup. Ct. On May 6, 1886, the first account of Jacob Holl and John G. Mohn, executors of the will of William Harbster, deceased, was filed, showing a balance for distribution of $108,913.05. The only item upon the debit side of the account was charged as of date August 4,1885, “ To amount due estate realized from sale of decedent’s interest in the Reading Hardware Company, which sum is exclusive of certain moneys retained by said company to cover certain contingencies which cannot be determined at present,…
1Per curiam
The court below was entirely right in its construction of the supplemental partnership agreement of March 21,1885. That agreement provides that upon the death of a partner the surviving partners shall have the right to take his interest at its value as it stood upon the books of the firm, with the accrued profits added or the losses deducted for the current year; Dro*11Tided that such option shall be exercised within thirty days from the death of such partner, and that after such option and election the entire interest of the deceased partner shall pass to the surviving partners, subject to…
2Cited by2 opinions
- Moore's EstateSupreme Court of Pennsylvania · 1910
- In Re Randall's EstateWashington Supreme Court · 1947